Proactiveinvestors USA & Canada Inspired Gaming Group Plc Proactiveinvestors USA & Canada Inspired Gaming Group Plc RSS feed en Thu, 18 Jul 2019 01:45:49 -0400 Genera CMS (Proactiveinvestors) (Proactiveinvestors) <![CDATA[News - Inspired Gaming says business stabilising, plans capital restructuring ]]> Inspired Gaming Group PLC (AIM: INGG) said the business has stabilised and recovered in the year to September 26 2009, following an “exceptionally difficult” 2008, and announced a capital reorganisation aimed at simplifying the capital structure and improving liquidity in the stock.

In a trading update, the company said all four divisions of the business have performed well, and in line with directors’ expectations. Machine incomes have proven broadly resilient in the face of the consumer downturn, with some weakness in the Leisure division's machines in bowling alleys, compensated by strength in the Betting and Bingo/Casino divisions and new contract wins in Virtual Racing Systems.

The directors remain cautious about wider consumer trends but are optimistic about the growth opportunities for the company.

´╗┐Inspired Gaming announced in July that it had received an approach which may or may not lead to an offer being made for the company. Discussions are now continuing with a number of parties regarding possible offers for the whole group or parts of it.

The board has been concerned for some time that the company's capital structure is complicated and believes that it may have contributed to the relatively low liquidity in trading in the listed ordinary shares and preference shares and to shares trading below the true value of the company.

Following discussions with some of its larger shareholders, the board is recommending that the share capital be reorganised into one class of new ordinary shares which are held approximately 90 percent by preference shareholders and 10 percent by the ordinary shareholders.

It is expected that the share capital reorganisation will be completed and that the new ordinary shares will replace the currently traded shares on AIM on November 27 2009.

Mon, 09 Nov 2009 09:57:00 -0500
<![CDATA[News - Inspired Gaming extends exclusive Paddy Power gaming machines supply contract ]]> Inspired Gaming Group (AIM: INGG) announced the renewal and four year extension of its exclusive contract with bookmaker Paddy Power (LSE: PAP). Under the agreement, Inspired Gaming will continue to supply Paddy Power's 79 outlets in the UK with 316 gaming machines. The existing three year relationship, resulted in 81% growth in machine income for the bookmaker.

Inspired Gaming is one of the key operators in the ‘Open Server-Based Gaming’ (Open SBG) sector, primarily supplying gaming machines and content to the licensed betting office market.

As the exclusive supplier to Paddy Power, Inspired is likely to increase this supply to more outlets as the bookmaker embarks on aggressive expansion plans to double its estate, it said.  Paddy Power is expanding its retail brand into other regions following their successful growth in London. Inspired will be an integral part of this expansion, supplying all the gaming machines and content to UK outlets. 

Inspired Gaming provides Open SBG software systems and digital networked terminals in 10 countries. Its Open SBG software platform supports a range of content and hardware from third parties.

In recent weeks Inspired Gaming has made a number of key developments to the brands reach with several substantial partnership agreements. Last month Inspired announced a new deal with Gala Bingo which saw the group double the number of Inspired handheld terminals at their sites.

In August, Inspired Gaming signed a 3 year revenue sharing deal with Moto Hospitality to supply 700 machines across the 45 of Moto’s motorway service stations.

Fri, 02 Oct 2009 05:54:00 -0400
<![CDATA[News - Inspired Gaming doubles handheld terminals supply to Gala Bingo ]]> Inspired Gaming Group PLC (AIM: INGG) announced a deal with the Gala Bingo to supply an additional 3,600 handheld bingo devices, doubling the amount of terminals supplied on the Gala Gaming Platform to over 6,800.

The 'Bingo Wizard' terminals will be deployed in a significant number of Gala Bingo's 148 clubs from September 2009, it said in a statement.

As part of the deal, Inspired and Gala have renegotiated the contract terms for the existing Bingo Wizard estate whilst also agreeing a 10 shop trial of the Storm cabinet in Coral betting offices, to commence in October 2009.

Bingo Wizard operates on the Gala Gaming Platform, developed by Inspired specifically for Gala Bingo, and allows bingo players more flexibility and freedom to socialise while playing.

Thu, 03 Sep 2009 11:49:00 -0400
<![CDATA[News - Inspired Gaming soars on news of contract win from UK motorway services operator ]]> Shares in Inspired Gaming Group PLC (AIM: INGG) soared after the company announced a new gaming machines supply contract with motorway services operator Moto Hospitality.

Under the deal, Inspired will supply 700 machines on a revenue share basis for Moto’s estate of 45 service stations throughout the UK. Financial details were not disclosed.

Inspired was more than 16 percent higher in early afternoon trade, shortly after the news broke.

The three year deal is effective from the end of September 2009.

Adam Hodges, managing director of Inspired’s Leisure division, commented: “We're pleased to expand our relationship with Moto and look forward to rolling out more machines with them in the future.”

Tue, 11 Aug 2009 13:04:00 -0400